Bitplanet Unveils South Korea’s First Bitcoin Treasury with $40M BTC Buy

South Korea has officially entered the corporate Bitcoin treasury race with the launch of Bitplanet, a newly rebranded financial firm that will deploy $40 million into Bitcoin BTC $113 186 24h volatility: 1.9% Market cap: $2.25 T Vol. 24h: $38.29 B purchases.

Announced during Bitcoin Asia 2025, the creation of Bitplanet marks the nation’s first institutional-grade Bitcoin treasury and signals a wider adoption of digital assets.

JUST IN: 🇰🇷 Bitplanet launches Korea's first global institutional Bitcoin treasury company. They plan to buy $40 million BTC. pic.twitter.com/yrIITHOB83

— Fiat Archive (@fiatarchive) August 28, 2025

A Debt-Free Corporate Bitcoin Strategy

Paul Lee, Co-Founder and Managing Partner of Lobo Ventures, revealed that Bitplanet was formed following the acquisition of a 62% stake in CoStack-listed SI provider SGA.

Within two weeks, the company will be rebranded and its $40 million allocation to Bitcoin will be deployed immediately, all without taking on debt.

Lee stated that this streamlined financial structure allows Bitplanet to pursue long-term growth without the risks of leverage, giving it flexibility in future treasury management.

From SGA to Bitplanet: A Strategic Pivot

SGA is already known for holding Bitcoin in its corporate reserves, but the rebranding confirms a much larger commitment.

The move, backed by Asia Strategy Partners through a third-party share placement, puts Bitplanet as South Korea’s first global institutional Bitcoin financial company.

Asia Strategy Partners has a history in treasury management and is expected to shape Bitplanet’s upcoming products and operational framework.

Growing Asian Appetite for Bitcoin Treasuries

In July, Nasdaq-listed K Wave Media disclosed plans for a $1 billion Bitcoin treasury backed by financing agreements with Anson Funds.

Meanwhile, Japan’s Metaplanet has been aggressively scaling its BTC holdings, recently unveiling a massive $835 million stock issuance to fund further Bitcoin purchases, further cementing Bitcoin’s position as the best crypto to buy in 2025.

*Notice Regarding Issuance of New Shares by way of International Offering* pic.twitter.com/wvvepNrXpH

— Metaplanet Inc. (@Metaplanet_JP) August 27, 2025

Bitplanet’s entry places South Korea firmly in this regional race for Bitcoin adoption as Asia becomes the new hub for institutional BTC treasuries.

Regulatory Backdrop: Stablecoins and Digital Asset Rules

Meanwhile, South Korea is also preparing to regulate its broader crypto market. The Financial Services Commission (FSC) is drafting a government bill, expected in October, to create a framework for won-backed stablecoins under the nation’s Virtual Asset User Protection Act.

The bill is set to establish rules for issuance, collateral management, and internal controls, providing a clearer structure for digital asset providers operating in the country.

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